How to say we cheated without saying we cheated

Economists are famous for being more inscrutable than Charlie Chan.  Whoever came up with this Peloton explanation clearly had grounding in economics theory:

 It [Peloton] also reported a “material weakness” in its accounting processes that spooked investors—shares fell more than 6% after hours.

So just what is a 'material weakness'?  That is one of the most euphemistic phrases for 'we were cheating and got caught and we're hoping nobody really notices' I've ever heard.

I'm reporting a material weakness in my calorie count today.